SOCA02H3 Lecture 8: Lecture 8
Document Summary
Savage (predatory) capitalism with globalization: ruthless economy creative destruction , downsizing companies becomes smaller and smaller, outsourcing the manufacturing happens other places throughout the world. Globalization: this threatens state sovereignty as it increases interdependence, the state is penetrated by the , media, pollution, currency exchange, drugs, crime and terror. Transnational corporations (numbers are estimates here: of the 100 largest economies in the world, 51 are corporations (ex. Apple: 49 are countries, the top 200 corporation combined sales are bigger than combines gnps of 182 countries, they have no loyalty to their home country made in the world , ex. Is known for outsource: they were colonized by england so english is a common language for individuals in india. China: global manufacturer, companies locate there to produce, 12& of chinese exports go to wal-mart, china has cheap labour, china blocks unions, china has poor environmental laws.
